A slight rise in pending sales ushered in the new year this January in the Portland metro region. At 2,027, pending sales fared 36.6% higher than the 1,484 accepted offers from December and 6.3% better than the 1,906 from January 2013. In fact, it was the best January for new listings since 2007, when there were 2,544 for the month! New listings (2,583) nearly doubled (93.8%) compared to last month’s 1,333, and also fared 5.9% better than the 2,438 new listings posted last January. At 1,396,closed sales fell 21.7% compared to December but still ended 3.9% higher than last January’s 1,344. The number of active residential listings fell to 5,671 in January—lower than both January 2013 and January 2012. Total market time increased to 96 days, but is still lower than the last two previous Januaries. Inventory rose slightly in January to 4.1 months. Average and Median Sale Prices are on the rise. Comparing the average price of sold homes in the twelve months ending January 31st of this year ($312,000) with the average price of homes sold in the twelve months ending January 2013 ($277,100)
shows an increase of 12.6%. In the same comparison, the median has increased 13.6% from $235,000 to $267,000.
Our featured home of the month is another incredible luxury home on over two acres. This gorgeous Beaver Lake Estates Northwest Contemporary home. High quality finishes and surfaces throughout in this 5,711 square foot 4 bedroom, 4 bathroom home with a bonus, office and home theatre. Large master with see through fireplace on the main floor. Other features include an outside kitchen with heated eating space, four car garage and a full size fenced tennis court too! Over $400,000 in upgrades since new. http://www.roblevy.com/Property/20893-S-Vista-del-Lago-Court-Oregon-City-Oregon